Oil Prices Rangebound Ahead of OPEC+ Decision and Trump Risks
Oil prices have shown remarkable stability, remaining in a narrow range since mid-October, with West Texas Intermediate (WTI) crude fluctuating around $70 per barrel. This rangebound trend has been characterized by a significant drop in volatility, with recent levels at their lowest since August. Despite ongoing geopolitical risks, such as the tensions between Iran and Israel and the potential impacts of a second Donald Trump presidency, traders have remained cautious. The market's curren
Oil Prices Rangebound Ahead of OPEC+ Decision and Trump Risks
Oil prices have shown remarkable stability, remaining in a narrow range since mid-October, with West Texas Intermediate (WTI) crude fluctuating around $70 per barrel. This rangebound trend has been characterized by a significant drop in volatility, with recent levels at their lowest since August. Despite ongoing geopolitical risks, such as the tensions between Iran and Israel and the potential impacts of a second Donald Trump presidency, traders have remained cautious. The market's curren
Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize
The Finance Ministry is set to review the windfall tax on fuel exports, including petrol, diesel, and Aviation Turbine Fuel (ATF), following the stabilization of global crude oil prices. The tax, introduced in July 2022, was implemented to address the substantial profits earned by oil refiners exporting fuel, which had an impact on domestic supplies. The review will assess the tax’s effectiveness and the revenue it has generated, with the Ministry of Petroleum and Natural Gas already re
Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize
The Finance Ministry is set to review the windfall tax on fuel exports, including petrol, diesel, and Aviation Turbine Fuel (ATF), following the stabilization of global crude oil prices. The tax, introduced in July 2022, was implemented to address the substantial profits earned by oil refiners exporting fuel, which had an impact on domestic supplies. The review will assess the tax’s effectiveness and the revenue it has generated, with the Ministry of Petroleum and Natural Gas already re
India Reviews Windfall Tax on Crude Oil Amid Global Price Volatility
The Indian government is set to review the windfall tax on crude oil after recently reducing the tax to nil, as reported by Bloomberg News. Tarun Kapoor, advisor to the Prime Minister, confirmed that the oil ministry has requested the removal of the windfall tax on crude oil output during a press briefing at the World Biogas Associations' India Conference in New Delhi. Previously, the windfall tax was set at ₹1,850 per tonne as of September 17, but it was eliminated effective
India Reviews Windfall Tax on Crude Oil Amid Global Price Volatility
The Indian government is set to review the windfall tax on crude oil after recently reducing the tax to nil, as reported by Bloomberg News. Tarun Kapoor, advisor to the Prime Minister, confirmed that the oil ministry has requested the removal of the windfall tax on crude oil output during a press briefing at the World Biogas Associations' India Conference in New Delhi. Previously, the windfall tax was set at ₹1,850 per tonne as of September 17, but it was eliminated effective









